Speedy Hire Share Discussion Threads

[smithie6] 10/4/2024 09:14

Had a quick look.

Two words come to mind.

"Complete incompetence"

(eg. the B&Q screw up & loss, & "Velocity"
& turnover down despite notable inflation)

[wigwammer] 10/4/2024 09:06

Good post Chris, and I agree in the main. But management do seem to have made a few unsettling decisions - purchase of the nascent green power business for £20m, the confusion and naivety of the b&q strategy, the consequent increase in leverage. I find a lot of the rhetoric around "velocity" to be babble rather than showcasing experience and grip on the underlying business. Am sure the reaction from 35p is overdone, but management do not feel like an asset here. Fingers crossed they buy a few shares soon and demonstrate some conviction.

[my retirement fund] 10/4/2024 08:55

Feel sorry for you guys. Calibre of management here must be truly shocking. Many of these folk aren't fit to run a bath, but they alwayd seem to be in the right circles to be given these positions. In the bigger picture, it's just another symptom of basket case Britain. Along with things like Brexit, high taxes, low productivity, uncontrolled government spending, and public debt balanced on a perpetual precipice.

[chriss911911] 10/4/2024 08:44

Not sure why the lack of balance in perspective, debt fell as expected, trading in the range previously advised, if anyone was expected something different when most of last year was known already, is just repeating the same things.

Debt less than 50% of enterprise value as today's lower price so not heavily levered, debt has fallen despite tough trading, cash generative, had a tough couple of years, but growing new streams of revenue.

The outlook is more bullish than before, and they give a clue, indicating latest comparatives are positive, I see it as an opportunity, rather than a risk, and reasons to imagine new things that are so bad the price should fall further which will likely be short lived, more likely range bound for a while, but still a good opportunity to invest at low price.

[brucie5] 10/4/2024 08:09

And down it goes... I wonder where and how the turnaround begins..?
I no longer hold.

[jubberjim] 10/4/2024 07:42

Well one can't say we weren't warned

Very disappointing!

[clocktower] 10/4/2024 07:14

Gloomy RNS and the outlook doesn’t sound much better either.

B&Q turned out to be another disaster in such a short period as well, £2 million down the plug hole.

[brucie5] 01/4/2024 09:43

Well Paul Hill likes them.

[tenapen] 29/3/2024 06:28

Just another umbrella for local independent hire companies.

As with Speedy's deal with B&Q - I just don't see diy folk hiring a drill or sander when you can buy cheap on the Internet or in-store at .... B&Q - What do I know !.

[clocktower] 28/3/2024 16:35

Competition:

[fwatson] 27/3/2024 08:50

In at 24p. Construction should bounce back strong. Debt is my only worry, are they paying back at a fixed interest rate or will falling interest rates help the company?

[haggismchaggis] 18/3/2024 13:10

According to the AFC Energy CEO, Speedy own thousands of Gensets. Speedy have staff dedicated to dealing with big construction companies directly, they don't pick from the website. Speedy deal with 150 of the top tier construction companies. Speedy and the construction companies that trialled the AFC Energy Power Tower requested 30kW and that is what has been built for the Speedy JV, because it's the size that has the best fit for multiple uses and has the highest demand in the sector..See the construction case studies at:hTTps://www.afcenergy.com/case-studies/

[smithie6] 13/3/2024 15:04

Je je. Nice one.

...and I guess that for surplus smaller electrical power generators...they could be sold to EV owners, who could put one on the car roof !

(To make a hybrid car)

[sleepy] 13/3/2024 10:23

bsg 😀😀😀

[bsg] 13/3/2024 10:13

Don't worry about generators they'll be able to rent them out to EV charging stations.

[smithie6] 13/3/2024 09:22

Speedy website, what a disaster.

On the main website it only offers baby generators, 1-2kw type stuff, to run drills, lights etc.

If click on the button for contractors or something like that to get info for bigger generators...& then search using generators ..the results don't show any big generators !
But Speedy do have them since a few years ago they updated their exhaust systems to reduce emissions.

[smithie6] 13/3/2024 08:53

Btw
Does Speedy own many diesel generators.....& will they all be worthless in X months/years time if the mkt only wants hydrogen powered generators ?

(I guess that small 1-2kw petrol generators (<30kg, for home use etc) will be around for many more years since I assume it will be harder to produce a small hydrogen powered 1-2kw generator at an acceptable cost)

[clocktower] 11/3/2024 10:45

How long before this goes sub 20p ?

[haggismchaggis] 11/3/2024 09:30

Speedy Hydrogen Solutions announce its first state-of-the-art 30kW H-Power Generator ready for hire..hTTps://www.linkedin.com/feed/update/activity:7172848763818991618

[clocktower] 06/3/2024 08:44

With the likes of Travis Perkins saying how difficult the building market is and closing a distribution centre, I cannot see how SDY can find any growth or even hang on to the business/ revenue previously generated, at this time.

[brucie5] 04/3/2024 09:32

Fwiw I haven't sold a single share. On basis that in due course, if they can turn things around, there could be an extended staircase chart the other way.

[tenapen] 21/2/2024 09:37

Hi jubbrrjim,
The future is bright we just have to weather this flat patch.
I have holdings, so if the share price goes up or down, I'll stay with what I have for the med / long term.

Good luck.

[jubberjim] 21/2/2024 07:34

Tenapen

I noticed that too so will be paying more attention over next few weeks

Will look to add if feasible but like everything else is currently in the doldrums